LKQ announces record revenue and earnings

LKQ Corporation announced record results for the first quarter in 2009. Revenue was $518 million, an increase of 5.3 percent from $491.9 million in the first quarter of 2008. Net income for the first quarter of 2009 was $32.3 million, an increase of 4.6 percent from $30.9 million in the first quarter of 2008. Diluted earnings per share was $0.23, as compared to $0.22 for the same period of last year.

For the first quarter of 2009, consolidated revenue, excluding other revenue, was $469.3 million, an increase of 9.1 percent compared to $429.9 million for the first quarter of 2008. Organic revenue growth, excluding other revenue, was 5.1 percent. Organic revenue growth, including other revenue, was flat because of the impact of lower commodity prices, primarily affecting self-service retail operations.